USD Trading Outlook (27-06-2012)
U.S. Dollar Trading (USD) the USD was mixed yesterday stronger against the Euro but weaker against most of the other majors as stocks rebounded. Germany was downgraded by a smaller rating agency but the market shrugged this off and US stocks finished slightly higher recovering from heavy losses on Monday. US house Prices gains 0.7% and this was much better than expected but the US consumer Confidence fell for a 4th month in June. Looking ahead, May Durable Goods Orders forecast at 0.4% vs. 0.0% previously. May Pending Home Sales forecast at 1% vs. -5.5% previously.
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